JSW Energy Limited has informed the Exchange about Power Purchase Agreement with Solar Energy Corporation of India for 230 MW project
JSWENERGY · price
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JSW Energy, through its wholly owned subsidiary JSW Neo Energy, has signed a 25-year Power Purchase Agreement with Solar Energy Corporation of India (SECI) for 230 MW of Firm and Dispatchable Renewable Energy (FDRE) under the SECI-FDRE Tranche IV scheme. This is the company's first FDRE PPA, with a fixed tariff of ₹4.98 per kWh. With this addition, JSW Energy's total under-construction capacity stands at 12.9 GW and locked-in generation capacity at 30.2 GW, keeping it on track for its 2030 target of 30 GW installed capacity and 40 GWh of energy storage.
The deal locks in long-term, government-backed revenue at a competitive tariff and strengthens JSW Energy's renewable energy portfolio, which is a positive for earnings visibility and growth prospects. Investors may view this as a constructive step toward the company's 30 GW by 2030 target, though the 230 MW size is modest relative to its overall 30.2 GW locked-in capacity.